Simon Gomez’s Post

📈 The latest UK Labour Market Overview for May 2024 is now available, and it reveals some notable shifts in the employment landscape that align with the talent challenges identified in the recent Eploy UK Candidate Attraction Report 2024 and the Talos360 Future of Talent Report. Key points from the report: - UK employment rate decreased to 74.5% - Unemployment rate increased to 4.3% - Economic inactivity rate rose to 22.1% - Job vacancies fell by 26,000 to 898,000 These trends suggest a tightening labour market where the candidate scarcity highlighted in our reports is set to intensify. In light of these challenges, the strategies we've recommended become even more crucial: 1. Adopt a skills-based approach to hiring 2. Enhance the candidate experience 3. Embrace flexible working arrangements 4. Leverage data and AI responsibly in recruitment 5. Prioritise diversity, equity and inclusion By implementing these strategies proactively, organisations can position themselves to navigate the evolving talent landscape effectively. The comprehensive insights in our Eploy and Talos360 reports serve as a valuable guide for recruitment leaders looking to future-proof their talent acquisition strategies. Download the full UK Labour Market Overview report here and explore how the latest trends intersect with our findings and recommendations. We'd love to hear your thoughts on the labour market shifts and the actions you're taking to attract and retain top talent in this challenging environment. Share your insights in the comments below! #TalentAcquisition #RecruitmentTrends #LabourMarketInsights #CandidateExperience #FutureOfWork

Are you ready for the recruitment challenges and opportunities in 2024? The labour market is changing rapidly, and recruiters need to adapt to the new realities. Geert-Jan Waasdorp shares some of the key trends that will shape the future of recruitment, such as: -The rise of AI and its impact on job skills, productivity, and sourcing. -The decline of job boards and social media platforms, and the need for alternative recruitment strategies. -The importance of D&I, talent management, and employee retention in a tight labour market. Read more on European labour market and recruitment trends for 2024 using this link: https://lnkd.in/e2NpE8X9

At last week's REC Member Network event, there was a roundtable discussion on market insights and the latest trends in recruitment. It sparked debate on many challenges facing the industry today. Honestly, I come away from the event with more questions than answers - but that is the purpose of these events - to learn, to question, and challenge. It helps to discover different perspectives and ways of working to question the status quo.    Here are some key takeaways that I have swirling around my head: ❔ Does a 360 recruiter model work in today’s market? ❔ How to promote the importance of DE&I in recruitment? ❔ How does the likely change in government affect the UK temporary labour market? The possible impact of flexible working with a Labour government. ❔ The impact of AI - yes, that hot topic. How are technology enhancements changing the game for recruitment? Thank you for hosting Recruitment & Employment Confederation. OA Recruitment Solutions #foodforthought #temporaryrecruitment

Ready to expand your talent pool globally? This blog explores ways organisations can identify previously untapped locations to find the skills they need in an increasingly competitive labour market. Read now to unlock new possibilities! https://lnkd.in/dFNqz_im #contingentworkforce #labormarket #WeAreMagnit

If unemployment is at its lowest ever, why am I still finding it so difficult to find and hire qualified candidates? What does underemployment mean, and how does it impact my organisation? If you've ever found yourself asking these questions, then make sure to tune into our free webinar next Tuesday at 11am. We'll be talking with the Australian Bureau of Statistics (ABS) Head of Labour Statistics Bjorn Jarvis to understand: 📊 Why Talent Teams need to pay attention to the regular data and statistics published by the ABS 📊 What that data actually means for TA professionals on a daily basis and how it impacts their work 📊 How to feed that data into your broader Talent Strategy Register Now ��� #TalentAcquisition #Data #Webinar

💡 📈 Providing Talent Intelligence, Market Data and Advice is a big job! In 45 mins you'll learn about the Employment Data that the ABS publishes each month, what it means and how to use it in your HR/Talent Function and Organisation. Free to attend. #TalentAcquisition #Recruitment #HumanResources

🚀 Recruitment Predictions for 2024 🚀 📊 Our latest Randstad 2024 Outlook Survey offers a glimpse into what's on the horizon for the Australian job market. Here's what we can expect: 🌟 Economic Stabilisation: The survey reveals that 79% of respondents anticipate the economy to stabilise or improve. A positive sign for business growth and job opportunities. 📈 Increased Hiring: 70.5% of businesses are gearing up for more hiring, indicating an upswing in job opportunities. 🤖 AI Takes the Spotlight: AI integration is set to become a top priority, reflecting the growing influence of technology in every sector. 💡 Tech Skills in Demand: Technology skills are at the forefront of skill demands, with 57% of organisations highlighting their importance. 💰 Inflated Salaries Corrected: A correction in inflated salaries is on the horizon, ensuring more equitable pay scales. 📚 Upskilling for Progress: The key to career advancement in 2024 will be upskilling. Are you ready to invest in your growth? 🔍Want to deep dive into the survey's findings? I have a list of top recruitment tips for 2024 ready to share. Let's chat about understanding your future talent needs when hiring! 📧georgia.smith@randstad.com.au 📞 0455 096 522 #FutureReady #Upskilling #Outlook2024 #RecruitmentTrends #StaffingSolutions #BusinessSupportServices #RandstadAustralia

If you haven't read the MEOS report before, I would highly recommend you take a look at the brilliant piece of work that it is. You will find the MEOS a fascinating insight to employment trends. The ManpowerGroup Employment Outlook Survey is based on responses from 2,101 UK employers and asks if they intend to hire additional workers, maintain current headcount or reduce the size of their workforce in the coming quarter (July to September 2024). It is the most comprehensive, forward-looking employment survey of its kind and is used as a key economic indicator by both the Bank of England and UK Government. Running globally since 1962, various factors are considered in the creation of this insightful quarterly report. Check it out 👇

Beyond Buzzwords: The Strategic Imperative of Talent Intelligence in 2023 "Consider a scenario where Talent Intelligence made a significant impact: facing challenges of a role unfilled for over 90 days. For instance, a report generated by @TalentNeuron, a renowned Talent Intelligence tool, identified simple changes to the job description and title, leading to a significant increase in applicants. The report revealed that the title used was uncommon, prompting a revision. Top titles based on the job description and expected skills in similar roles were provided, informing a revised job description and updated title. These changes not only increased the organic applicant pool but also provided additional insights, focusing attention on qualified candidates during the sourcing process." https://buff.ly/3RId6lB #hrtech #talentanalytics #HR